Altcoin News by Thebittimes.Com

Notable absentees of the ongoing crypto market rally have, for the most part, been major Bitcoin (BTC) mining firms.  This, perhaps, isn’t surprising given that the companies not only suffered immense damage during the ‘crypto winter’ but their prospects for the Bitcoin halving might not be as stellar as might appear at first glance. Indeed, as the mining rewards are set to become smaller, Bitcoin prices will have to increase significantly for the miners to remain profitable and the world’s premier cryptocurrency would have to rise above $120,000 for firms like Marathon Digital (NASDAQ: MARA) to maintain relative parity with the 2021 bull market. Picks for you Crash incoming? Ripple to unlock 1 billion XRP on April 1 32 mins ago 3 cryptocurrencies under $1 to buy for April 1 hour ago Bitcoin halving dates 2024: When, why, and what to know 1 hour ago Blockchain stock boom: The cryptocurrency innovator that's beating the odds 1 hour ago ...

Cryptocurrency investors withdrew close to $1.23 billion worth of crypto in one day from the leading centralized exchange (CEX), Binance. The massive outflow followed news about Binance’s and Changpeng Zhao’s (CZ) settlement with the Department of Justice (DOJ) of the United States. As part of the agreement, Binance will pay a $4.32 billion fine, and CZ, Binance’s former CEO, has now left its role in the company. Notably, the exchange has the largest cryptocurrency reserves, currently holding $67.65 billion worth of crypto, of which $59.51 billion are “Clean Assets.” Finbold retrieved this data on November 22 from DefiLlama , which describes “Clean Assets” as all cryptocurrencies not issued by Binance itself. CEX Transparency – Binance assets and inflows. Source: DefiLlama Interestingly, the 24-hour outflow of $1.229 billion is 32% lower than the first payment of $1.81 billion to the DOJ, which must happen within the following 15 months. Cryptocur...

Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Upcoming dYdX unlock event. Source: token.unlocks.app The remaining 4.03 DYDX token s will be split between liquidity provider rewards (1.15 million token s worth $2.47 million) and trading rewards (2.88 million token s worth $6.18 million). Full funds allocation for dYd...

Elon Musk was making headlines once again. This time, it was not because of Twitter. As Tesla’s market cap dipped below $500 billion, Musk’s ‘world’s richest person’ title tumbled. Amidst this, news of Musk selling off more Tesla shares came to light. As per a US securities filing, the CEO of the electric-vehicle maker had sold shares worth $3.38 billion. JUST IN: Elon Musk sold $3.38 billion in $TSLA shares. — Watcher.Guru (@WatcherGuru) December 15, 2022 Musk did not mention the motive pertaining to his latest sale. However, on Tuesday, the Twitter CEO tweeted, “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” Following this, the total Tesla stocks sold by Musk over the past year surged to nearly $40 billion. It should be noted that Musk initially started selling Tesla shares to fund his $44 billion Twitter acquisition. Back in November, Musk got...